Rhode Island § 7-8-22 - Consumers’ Cooperatives
Full text of Rhode Island Rhode Island General Laws § 7-8-22 — Consumers’ Cooperatives, with citation guidance and answers to common questions.
§ 7-8-22. Consumers’ Cooperatives
R.I. Gen. Laws § 7-8-22
§ 7-8-22. Recall of shares.
The bylaws may give the directors the power to use the reserve funds to recall, at par value, the holdings of any member in excess of the amount requisite for membership. The bylaws may also provide that if any member has failed to patronize the association during a period of time specified in the bylaws, the directors may use reserve funds to recall all of his or her holdings, and he or she at that time ceases to be a member of the association.
History of Section.
P.L. 1947, ch. 1976, § 19; G.L. 1956, § 7-8-22.
Frequently Asked Questions About Rhode Island § 7-8-22
What does Rhode Island General Laws § 7-8-22 cover?
Section 7-8-22 ("Consumers’ Cooperatives") is part of the Rhode Island General Laws, the codified statutory law of Rhode Island. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Rhode Island § 7-8-22?
A common citation format is "Rhode Island General Laws § 7-8-22" (Rhode Island). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Rhode Island law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Rhode Island official source linked on this page or consult a licensed Rhode Island attorney.
How does Rhode Island § 7-8-22 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Rhode Island can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Rhode Island.